North Dakota Code 47-16-04 – Products during lease belong to lessee – Exception
Current as of: 2023 | Check for updates
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In the absence of any agreement to the contrary between the lessor and the lessee, the products received from real property during the term of a lease belong to the lessee.
Terms Used In North Dakota Code 47-16-04
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.